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Outlook on the Next-Generation Sequencing Data Analysis Global Market to 2028 - Yahoo Finance

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Date: 2021-09-09 23:03:45

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DUBLIN, September 09, 2021--(BUSINESS WIRE)--The "Global Next-Generation Sequencing Data Analysis Market Size, Share & Trends Analysis Report by Product, by Workflow, by Mode, by Read Length, by End-use, by Region, and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.

The global next-generation sequencing data analysis market size is expected to reach USD 1.72 billion by 2028 registering a CAGR of 15.02%.

Key drivers contributing to market expansion include the growing adoption of sequencing platforms for clinical diagnosis because of a significant reduction in the cost of installation. The easy availability of genomic and proteomic data is also expected to create lucrative growth opportunities in this market during the forecast period.

In addition, a decrease in the cost of sequencing is expected to increase the adoption of next-generation sequencing (NGS), which, in turn, is likely to boost the market growth. Availability of tools, such as Agilent's HaloPlex capture system and Targeted Methyl-Seq platform from EpiGentek Group Inc., has helped in the determination of DNA methylation profiles in individual genomes. An increase in the adoption of bisulfite-methylation for targeted sequencing and targeted methylation NGS data analysis methods is anticipated to propel market growth.

Companies Mentioned

  • QIAGEN

  • Illumina, Inc.

  • F. Hoffmann-La Roche Ltd.

  • Thermo Fisher Scientific, Inc.

  • Agilent Technologies, Inc.

  • Bio-Rad Laboratories, Inc.

  • PierianDX

  • Intrexon Bioinformatics Germany GmbH

  • Partek Incorporated

  • Eurofins Scientific

  • Pac

Next-Generation Sequencing Data Analysis Market Report Highlights

  • Services dominated the products segment in 2020 and will retain the leading position growing at the fastest CAGR during the forecast period

  • Although NGS is advantageous in terms of affordability and speed, many research entities are unable to adopt it owing to a lack of sufficient computational infrastructure and skilled professionals to analyze the generated information

  • Therefore, institutions that lack provision for data interpretation, analysis, and management adopt platforms & services offered by other companies in the market

  • Tertiary analysis occupied a major portion of the revenue generated by the workflow segment as it accounts for the most complex and important step of Next-Generation Sequencing, which is directly linked with the interpretation of results

  • In-house mode dominated the market in 2020 and is expected to maintain its dominance during the forecast period

  • However, the outsourced mode is expected to register the fastest CAGR from 2021 to 2028 owing to the time and cost benefits associated with this mode and the presence of key players offering data analysis services

  • The short-read sequencing segment led the global market in 2020 due to the wide adoption of these techniques as they are inexpensive and can work with fragment DNA along with the availability of several tools and algorithms

  • The academic research end-use segment generated the largest revenue in 2020; however, clinical research is estimated to be the fastest-growing segment from 2021 to 2028

  • North America dominated the global market in 2020 owing to the launch of large-scale genome sequencing projects and the rise in demand for personalized medicine

Key Topics Covered:

Chapter 1 NGS Data Analysis Market: Methodology and Scope

Chapter 2 NGS Data Analysis Market: Executive Summary

Chapter 3 NGS Data Analysis Market: Market Variables, Trends, and Scope

3.1 Market Trends and Outlook

3.2 Market Segmentation and Scope

3.3 Market Dynamics

3.3.1 Market driver analysis

3.3.1.1 Demand for efficient algorithms and tools for analysis of large amount of data generated by sequencers

3.3.1.2 Introduction of technological advancements in cloud computing and data integration

3.3.1.3 Increasing penetration of the NGS technology in personalized medicine and precision diagnosis

3.3.1.4 Rising academic research based on NGS protocols

3.3.2 Market restraint analysis

3.3.2.1 Challenges in sequence compression and data storage

3.3.2.2 Selection of appropriate algorithms and Parallelizing scientific workflows

3.3.2.3 Budget and time constraints

3.4 Next generation sequencing data analysis company heat map analysis, 2019

3.4.1 Company size

3.4.2 Geographical presence

3.4.3 Product portfolio

3.4.4 Strategic initiatives

3.5 Business Environment Analysis

3.5.1 SWOT analysis; by factor (political & legal, economic and technological)

3.5.2 Porter's Five Forces Analysis

3.6 Penetration and Growth Prospect Mapping for Workflow, 2020

Chapter 4 NGS Data Analysis Market: Product Estimates and Trend Analysis

Chapter 5 NGS Data Analysis Market: Workflow Business Analysis

Chapter 6 NGS Data Analysis Market: Mode Estimates and Trend Analysis

Chapter 7 NGS Data Analysis Market: Read Length Estimates and Trend Analysis

Chapter 8 NGS Data Analysis Market: End-use business analysis

Chapter 9 NGS Data Analysis Market: Region Business Analysis

Chapter 10 NGS Data Analysis Market: Company Profile

10.1 Strategy Framework

10.2 Market Participation Categorization

10.3 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/hb168e

View source version on businesswire.com: https://www.businesswire.com/news/home/20210909006202/en/

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Original Source: https://finance.yahoo.com/news/outlook-next-generation-sequencing-data-231100751.html